Apple, Microsoft go after popular service

Credit: Jim Mahoney

Sadly, the beloved cloud storage service Dropbox appears headed the way of the dodo, following a one-two punch from Microsoft and Apple.

Once poised to be this year’s big tech IPO, with plenty of investment capital and a dominant position in cloud storage, Dropbox’s fortunes took a dismal turn just days ago when Microsoft announced that it would offer a whopping 1 terabyte of cloud storage per user for subscribers to Office 365.

Dropbox offers a half TB of storage — 500 gigabytes — for $49.99 a month, or $499 a year.

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